Gemini sells UK and European operations to stablecoin payments firm KAST for under $10 million
Summary
Crypto exchange Gemini has agreed to sell its operations in the United Kingdom and Europe to stablecoin payments company KAST for less than ten million dollars. The transaction occurs as the platform undergoes a business restructuring that involves withdrawing from various international markets.
The sale follows the Winklevoss-founded crypto exchange’s retreat from several overseas markets as it restructures its business.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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